Daily Exchange Rate Forecasts

Daily Insight Category

Rising UK Living Costs Send Pound into Reverse

Posted by:
Date: February 20th, 2018.

With the US market closed for President’s Day the Australian Dollar was able to make modest gains against some of its rivals, benefitting from the calmer mood of global stock markets. However, the appeal of the antipodean currency was still somewhat limited thanks to the lingering negative impact of last week’s underwhelming jobs data. Mounting [...]

Read more



Unsurprisingly, Reserve Bank of Australia (RBA) Governor Philip Lowe maintained a rather cautious view on monetary policy in his appearance before the parliamentary committee. As Lowe noted that the central bank sees little case for an interest rate hike in the near term this naturally discouraged investors. While this saw the Australian Dollar extend its [...]

Read more



While the headline employment change figure for January proved positive this was not enough to shore up AUD exchange rates on Thursday. The underlying details of the labour market report were rather more discouraging in nature, with a sharp increase in part time employment masking a significant dip in full time positions. With the participation [...]

Read more



A sharp contraction in the Westpac consumer confidence index for February left the Australian Dollar on a weaker footing yesterday. Investors were not impressed to find that sentiment had softened on the month, reigniting concerns over the domestic outlook and encouraging further selling of the ‘Aussie’. Mounting jitters ahead of today’s labour market data also [...]

Read more



Pound Pushes Higher as UK Inflation Holds Steady

Posted by:
Date: February 14th, 2018.

Although the NAB business confidence index showed a modest uptick from 10 to 12 in January this failed to shore up AUD exchange rates for long. In part this was due to the uneven nature of the improvement in business conditions, with consumer sectors continuing to trail behind the construction and mining sectors. With signs [...]

Read more



As stock markets recovered some of their lost ground at the start of the week the mood towards the Australian Dollar improved. Investors were equally encouraged to pile into the higher-yielding currency on the back of a report from the Commonwealth Bank, which noted that AUD exchange rates are likely to strengthen further over the [...]

Read more



A sharp contraction in December’s home loans and investment lending figures offered a boost to the Australian Dollar ahead of the weekend. As these declines point towards lower levels of household debt this encouraged hopes that the Reserve Bank of Australia (RBA) might find greater cause for confidence in the near future. With the RBA [...]

Read more



Pound Leaps Higher as BoE Proves Hawkish

Posted by:
Date: February 9th, 2018.

Comments from Reserve Bank of Australia (RBA) Governor Philip Lowe did nothing to shore up AUD exchange rates overnight. Investors were generally disappointed by the tone of the speech, with Lowe reiterating concerns over high household debt and lacklustre wage growth. All in all, this suggests that the central bank will leave interest rates on [...]

Read more



Posted by:
Date: February 8th, 2018.

While January’s Australian construction PMI showed a solid strengthening on the month the mood of AUD exchange rates remained generally bearish yesterday. Even though the reading of 54.3 indicates that the construction sector is in a robust state of growth this was not enough to ease lingering concerns over the wider domestic outlook. A sharp [...]

Read more



The Reserve Bank of Australia (RBA) did not take an overly positive tone at its February policy meeting, maintaining that inflation’s return to target will likely be ‘gradual’. Naturally this diminished the prospect of any imminent shift in monetary policy, encouraging investors to sell out of the Australian Dollar yesterday. Confidence in AUD exchange rates [...]

Read more



© TorFX. Unauthorised copying or re-wording of this blog content is prohibited. The copyright of this content is owned by Tor Currency Exchange Ltd. Any unauthorised copying or re-wording will constitute an infringement of copyright.